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Nigeria Animal Feed Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Market Report I 2025-06-05 I 142 Pages I EMR Inc.
The Nigeria animal feed market reached approximately 15.18 Million Tons in 2024. The market is projected to grow at a CAGR of 1.80% between 2025 and 2034, reaching a volume of around 18.14 Million Tons by 2034.
Nigeria Animal Feed Market Growth
The rapid urbanisation, growing demand for meat and dairy-based products, and increased incorporation of sustainable practices in feed production are some of the influential drivers for the growth of Nigeria animal feed market. Nigerian feed providers are increasingly recognising the importance of sustainable practices in the feed sector and incorporating alternative proteins such as insect meal which have a lower footprint compared to traditional feed raw materials.
Moreover, according to the Nigeria animal feed industry analysis, there is also a notable rise in the production and usage of customised feeds that are specifically formulated to meet the unique nutritional needs of different animal species and stages of development, such as starter, grower, and finisher feeds for poultry to ensure the proper growth of the livestock. Furthermore, the usage of digital tools is on the rise within the feed manufacturing sector as it aids in monitoring feed consumption, tracking animal well-being, and improving overall farm operations.
Key Trends and Recent Developments
The growing consumption of aquafeed, adoption of GM animal feed, increased production of corn, and supportive government initiatives are accelerating Nigeria animal feed market value.
July 2024
The International Livestock Research Institute (ILRI) launched the ILRI Ibadan Forage Genetic Resources Unit in Nigeria. This new unit was dedicated to conserving and utilising forage varieties that thrive exclusively in the Nigerian climate. The goal was to transform the government's and stakeholders' approach to animal feed production.
May 2024
Nigeria became the 4th country in the African Union to launch a multistakeholder platform (MSP) to serve as a collaborative mechanism to unite diverse stakeholders in the feed and fodder sector. The platform aims to address challenges, foster joint commitments, and facilitate coordinated action towards sustainable development of Nigeria's animal feed industry.
April 2024
Nutreco, a global supplier of aquafeed, opened a state-of-the-art fish and poultry feed production facility in Ibadan, Nigeria, through its operating company Skretting and Trouw Nutrition. The facility was worth EUR 25 million and was built on an area spanning 170,000 square metres. It could manufacture 125,000 metric tonnes of extruded fish and animal feeds in a year.
October 2023
The African Union-InterAfrican Bureau for Animal Resources (AU-IBAR) launched its inception workshop and assessment for the Resilient African Feed and Fodder Systems Project (RAFFS) in Nigeria. It primarily focussed on four key objectives - establishing a knowledge and analytical ecosystem for evidence-based solutions, supporting business models and partnerships to address short-term feed and fodder shortages, empowering women in feed and fodder systems and reforming policies and regulations to build a sustainable feed and fodder industry.
Aquafeed Production Increasing the Overall Animal Feed Consumption in Nigeria
Nigeria is witnessing a growing consumption of aquafeed due to increased practices of aquaculture and fish farming in the country. Key players are eyeing this as an opportunity for market growth, readily investing in high-quality aquafeed production using scientific productive methods. Besides, the government is also encouraging aquafeed production in the country through favourable initiatives such as the establishment of Los Lagos Aquaculture Center of Excellence, a production and processing centre of tonnes of animal feed in September 2021.
Adoption of GM feed is Becoming a Growing Trend of Nigeria Animal Feed Market.
The increased adoption of genetically modified animal feed is opening new market opportunities for industry leaders and poultry farmers alike. In January 2024, the Nigerian government approved the release of GM maize, an insect-resistant and drought-tolerant crop immediately after the approval of GM Bt cowpea. Both these crops have found extensive use in the animal feed industry. Moreover, as new GM crops are introduced during the coming years, the market is expected to become more self-sufficient with an enhanced supply of genetically modified animal feed.
Corn is Leading the Animal Feed Market Share in Nigeria
Corn is widely used as animal feed in the Nigerian market and accounts for the highest consumption. According to the US Department of Agriculture, 5,500,000 metric tonnes of corn were produced as animal feed and residue between October 2023 and 2024. This was followed by the production of 200 metric tonnes of sorghum during the same period. As the production of corn grows further in the agricultural domain, the animal feed market is expected to witness its increased share, leading to an enhanced supply in the overall market.
Supportive Government Initiatives are Aiding the Expansion of Nigeria's Animal Feed Market
Realising the significance of the animal feed industry, the Federal Government of Nigeria announced its plan to introduce the National Animal Feed Policy in October 2023. The policy will aim to tackle ongoing challenges affecting the livestock and animal feed market to enhance food security in the country. Furthermore, the policy will regulate the cost of animal feed in the country providing ample opportunities for market expansion to key players.
Nigeria Animal Feed Industry Segmentation
"Nigeria Animal Feed Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Fodder and Forage
- Compound Feed
Market Breakup by Livestock
- Pork
- Aquatic Animal
- Cattle
- Poultry
- Others
Market Breakup by Raw Material
- Soy
- Corn
- Others
Nigeria Animal Feed Market Share
Based on livestock, the market is divided into pork, aquatic animals, cattle, and poultry, among others. The poultry sector accounts for a significant market share as meat and eggs are a staple part of the Nigerian diet and this strong demand and widespread consumption of poultry products significantly contribute to the usage of poultry feed. Additionally, as urbanisation increases and disposable incomes rise, the demand for poultry products is anticipated to rise, thereby propelling growth in the segment growth.
Leading Companies in the Nigeria Animal Feed Market
The market participants are enhancing their technological capabilities to gain a competitive edge in the market.
- Olam Group Limited
- Flour Mills of Nigeria Plc
- Nutreco N.V.
- Livestock Feeds Plc
- Abertop Animal Health Feeds Nig. Ltd.
- Turraco Industrial Limited
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Middle East and Africa Animal Feed Market Overview
5.1 Key Industry Highlights
5.2 Middle East and Africa Animal Feed Historical Market (2018-2024)
5.3 Middle East and Africa Animal Feed Market Forecast (2025-2034)
6 Nigeria Animal Feed Market Overview
6.1 Key Industry Highlights
6.2 Nigeria Animal Feed Historical Market (2018-2024)
6.3 Nigeria Animal Feed Market Forecast (2025-2034)
7 Nigeria Animal Feed Market by Type
7.1 Fodder and Forage
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Compound Feed
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 Nigeria Animal Feed Market by Livestock
8.1 Pork
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Aquatic Animal
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Cattle
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Poultry
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Others
9 Nigeria Animal Feed Market by Raw Material
9.1 Soy
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Corn
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators of Demand
10.4 Key Indicators of Price
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profiles
11.5.1 Olam Group Limited
11.5.1.1 Company Overview
11.5.1.2 Product Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 Flour Mills of Nigeria Plc
11.5.2.1 Company Overview
11.5.2.2 Product Portfolio
11.5.2.3 Demographic Reach and Achievements
11.5.2.4 Certifications
11.5.3 Nutreco N.V.
11.5.3.1 Company Overview
11.5.3.2 Product Portfolio
11.5.3.3 Demographic Reach and Achievements
11.5.3.4 Certifications
11.5.4 Livestock Feeds Plc
11.5.4.1 Company Overview
11.5.4.2 Product Portfolio
11.5.4.3 Demographic Reach and Achievements
11.5.4.4 Certifications
11.5.5 Abertop Animal Health Feeds Nig. Ltd.
11.5.5.1 Company Overview
11.5.5.2 Product Portfolio
11.5.5.3 Demographic Reach and Achievements
11.5.5.4 Certifications
11.5.6 Turraco Industrial Limited
11.5.6.1 Company Overview
11.5.6.2 Product Portfolio
11.5.6.3 Demographic Reach and Achievements
11.5.6.4 Certifications
11.5.7 Others
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